SEC

The Other Guys, Wall Street and Fletch are the three movies I can recall in which the SEC and SEC investigators play a key role. Am I missing any? via SEC in the Movies: The Other Guys, Wall Street, Fletch … What Else? | Compliance Week.

Congress has taken intensified interest in how the Securities and Exchange Commission should enforce the law, introducing several legislative proposals. Although quick passage of the bills is unlikely, they signal how much interest there is, at least among Democrats, about the agency’s work. Lawmakers Focus on How S.E.C. Does Its Job – NYTimes.com

The Securities and Exchange Commission said Monday that it has charged Lynn Tilton, head of Patriarch Partners, as well as Patriarch’s affiliated firms with defrauding clients out of hundreds of millions of dollars by hiding the poor performance of loan assets in three collateralized loan obligation funds. via Distressed Debt Maven Lynn Tilton Charged With […]

On Wednesday, small businesses got a new way to raise millions of dollars in investments without going public. The U.S. Securities and Exchange Commission approved changes to a little-used regulation that will now let companies sell up to $50 million in securities to outside investors every year. via IPO lite? SEC rule change gives small businesses a […]

In his testimony last week, SEC Enforcement Director Andrew Ceresney provided Congress with details on how the Enforcement Division would use a proposed increase in the SEC’s budget for FY 2016, and presented an update on the recent work of his Division. via Ceresney Testifies on Enforcement’s Budgetary Needs and Performance | Compliance Week

Securities and Exchange Chairwoman Mary Jo White wants to hunt down sharks in lightly regulated “dark pools,” where predatory traders are known to lurk. White proposed a new rule on Wednesday that would require high-frequency trading firms to register with the Financial Industry Regulatory Authority, a broker watchdog, and submit a daily paper trail on […]

SEC investigators are often stonewalled by foreign regulators when they seek information from other countries, SEC Commissioner Luis Aguilar said Friday. “There are too many times when the SEC calls for help, all we hear is silence,” Aguilar said during a speech at University of Georgia Law School. via Foreign Regulators Stonewalling SEC Probes, Commissioner […]

March Madness Upset Alert!!!! For the first time since FY 2013, the SEC actually lost in an administrative proceeding. via March Madness! SEC Loses an AP for First Time Since FY 2013 | Compliance Week.

In the SEC’s fourth trial of FY 2015, a federal jury found that former NFL wide receiver Willie Gault was not liable on any of the agency’s fraud-related charges against him, but that Gault was liable on three less serious charges.d via SEC Trial Scorecard Update: Jury Returns Mixed Verdict in Willie Gault Case | […]